Marshall Wace LLP Increases Stake in Portillo's Inc. (NASDAQ:PTLO)

Marshall Wace LLP lifted its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,751,856 shares of the company's stock after acquiring an additional 132,112 shares during the period. Marshall Wace LLP owned 2.36% of Portillo's worth $16,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PTLO. State Street Corp lifted its position in Portillo's by 1.6% during the third quarter. State Street Corp now owns 1,085,786 shares of the company's stock valued at $14,626,000 after buying an additional 17,306 shares during the period. Barclays PLC boosted its stake in Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after acquiring an additional 41,944 shares in the last quarter. Geode Capital Management LLC grew its holdings in Portillo's by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock worth $17,113,000 after purchasing an additional 49,181 shares during the period. Franklin Resources Inc. increased its stake in shares of Portillo's by 2.6% during the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock valued at $15,838,000 after purchasing an additional 32,810 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PTLO shares. Morgan Stanley set a $12.00 price objective on Portillo's in a research report on Monday, April 14th. Stephens lifted their price target on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. UBS Group reduced their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Stifel Nicolaus raised their price target on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.71.

Portillo's Stock Performance

Shares of PTLO traded up $0.11 during mid-day trading on Friday, hitting $10.73. 1,843,378 shares of the company traded hands, compared to its average volume of 1,373,436. The stock has a market cap of $800.49 million, a price-to-earnings ratio of 25.55, a P/E/G ratio of 14.77 and a beta of 1.82. The stock has a 50-day moving average price of $12.46 and a two-hundred day moving average price of $12.01. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Equities analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current year.

Portillo's Company Profile

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.